M&A Deal Summary

Corsair Capital and Hermes GPE Acquire ZEDRA

On November 28, 2018, private equity firm Corsair Capital and asset manager Hermes GPE acquired financial services company ZEDRA

Acquisition Highlights
  • This is Corsair Capital’s 9th and Hermes GPE’s 1st transaction in the Financial Services sector.
  • This is Corsair Capital’s 1st and Hermes GPE’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2018-11-28
Target ZEDRA
Sector Financial Services
Buyer(s) Corsair Capital
Hermes GPE
Deal Type Buyout (LBO, MBO, MBI)

Target

ZEDRA

Geneva, Switzerland
ZEDRA is an independent, global specialist in trust, corporate and fund services. It currently has global offices in 10 jurisdictions, including Jersey, Guernsey, the Isle of Man, the Cayman Islands, New Zealand, Hong Kong, Netherlands, Singapore, the UK, and Switzerland. ZEDRA was founded in 2016 and is based in Geneva, Switzerland.

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Buyer(S) 2

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
Size Large
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.


DEAL STATS #
Overall 20 of 26
Sector (Financial Services) 9 of 10
Type (Buyout (LBO, MBO, MBI)) 8 of 11
Country (Switzerland) 1 of 1
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Jackson Hewitt Tax Service

Parsippany, New Jersey, United States

Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead with Maximum Refund and 100% Accuracy Guarantees. With close to 6,000 franchised and company-owned locations, including 3,000 in Walmart stores, and online and mobile tax solutions, Jackson Hewitt makes it convenient for clients to file their taxes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Repay Holdings

Atlanta, Georgia, United States

Repay Holdings is a full-service provider of electronic transaction processing services for retail merchants, offering a comprehensive line of solutions that include credit and debit cards, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay Holdings was founded in 2006 and is based in Atlanta, Georgia.

Sell -
Buyer

Hermes GPE

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2010
PE ASSETS 8.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Hermes GPE is a global investor in private equity funds as well as direct co-investor. The Firm manages assets on behalf of institutional investors with a focus on private markets. Hermes GPE is headquartered in London.


DEAL STATS #
Overall 7 of 12
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
Country (Switzerland) 1 of 1
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-06 Goiko Grill

Madrid, Spain

Goiko Grill is a full service casual gourmet-burger restaurant chain. Goiko Grill was founded in 2013 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 sk:n

Coleshill, United Kingdom

sk:n is a provider of non-surgical cosmetic procedures with a nationwide chain of clinics offering a range of non-surgical skin and cosmetic treatments including laser-based treatments for hair removal and skin rejuvenation. sk:n has a highly professional and clinical approach that allows it to comply with the increasing regulation in the cosmetic treatment industry. sk:n was founded in 1990 and is based in Coleshill, England.

Buy -